Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17528.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: boyshx on March 24, 2017, 08:45:02 AM

Quote from: Torque on March 24, 2017, 08:37:40 AM

This looks like 2012 all over again.

So to extrapolate then this year will be to 2018, what 2012 was to 2013. Grin

fantastic opportunity for those folks who are newbies -like me- so I hope you are right.

hope the price goes a little lower for a while so I can buy more.

PS. wouldn't that mean that January 2019 will be like January 2014? lol

Maybe, possibly lol. But then we have the halving coming in 2020, so.... Grin

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: ImI on March 24, 2017, 08:38:31 AM

Quote from: Cassius on March 24, 2017, 08:25:43 AM

Quote from: ImI on March 24, 2017, 08:22:04 AM

To get 2/3 or 3/4 of the hashrate isn't THAT easy. At least i think so.

A large mining pool might tip the scales to 51% now. That would be a powerful signal.
95%? Forget it. Ever. Just don't know how that one gets resolved.

51% is not enough to HF securely and you are aware of that 2/3 and 3/4 ≠ 95%? Wink

Hard fork doesn't need 95% (Segwit does)

Edited to be clear - I think that is what Cassius meant

boyshx

sr. member

Activity: 574

Merit: 251

Quote from: Torque on March 24, 2017, 08:37:40 AM

This looks like 2012 all over again.

So to extrapolate then this year will be to 2018, what 2012 was to 2013. Grin

fantastic opportunity for those folks who are newbies -like me- so I hope you are right.

hope the price goes a little lower for a while so I can buy more.

PS. wouldn't that mean that January 2019 will be like January 2014? lol

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: ImI on March 24, 2017, 08:38:31 AM

Quote from: Cassius on March 24, 2017, 08:25:43 AM

Quote from: ImI on March 24, 2017, 08:22:04 AM

To get 2/3 or 3/4 of the hashrate isn't THAT easy. At least i think so.

A large mining pool might tip the scales to 51% now. That would be a powerful signal.
95%? Forget it. Ever. Just don't know how that one gets resolved.

51% is not enough to HF securely and you are aware of that 2/3 and 3/4 ≠ 95%? Wink

Let me just phone Carol Vorderman to check your maths.

york780

sr. member

Activity: 392

Merit: 250

Quote from: gizmoh on March 24, 2017, 08:35:52 AM

Moon has been postponed indefinitely, sorry folks.

For now.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: Cassius on March 24, 2017, 08:25:43 AM

Quote from: ImI on March 24, 2017, 08:22:04 AM

To get 2/3 or 3/4 of the hashrate isn't THAT easy. At least i think so.

A large mining pool might tip the scales to 51% now. That would be a powerful signal.
95%? Forget it. Ever. Just don't know how that one gets resolved.

51% is not enough to HF securely and you are aware of that 2/3 and 3/4 ≠ 95%? Wink

Torque

legendary

Activity: 3794

Merit: 5474

This looks like 2012 all over again.

So to extrapolate then this year will be to 2018, what 2012 was to 2013. Grin

gizmoh

legendary

Activity: 1428

Merit: 1000

Moon has been postponed indefinitely, sorry folks.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: Spaceman_Spiff on March 24, 2017, 05:29:07 AM

Quote from: BDO_44 on March 24, 2017, 05:25:08 AM

100% there will be dump, below 900$

Mmm, if everybody starts agreeing with me, I might have to reconsider Huh

Those are the "troll shill bears" club unison singers in the coir of the drunken protestant lesbian crying church singers for time of mourning! Cheesy

... if you stick long enough around and read all their comments you will hear "FUD acapellas" ringing in your ears when you put your head on the pillow and go to sleep! Cheesy

becoin

legendary

Activity: 3431

Merit: 1233

Nobody will use BUcoin except some socially engineered emotional psychopaths and a couple of suicidal mining pools who are already insolvent and don't risk anything.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: ImI on March 24, 2017, 08:22:04 AM

To get 2/3 or 3/4 of the hashrate isn't THAT easy. At least i think so.

A large mining pool might tip the scales to 51% now. That would be a powerful signal.
95%? Forget it. Ever. Just don't know how that one gets resolved.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Quote from: ImI on March 24, 2017, 08:22:04 AM

To get 2/3 or 3/4 of the hashrate isn't THAT easy. At least i think so.

Problem is we don't know how much hashrate Jihan even has at this point. If we're unlucky, he could just unleash his full force and we could be at 2/3 pretty quickly, however unlikely that scenario is. Keep in mind most of the world gets their bitcoin miners from Bitmain, although Avalon is a nice alternative.

ImI

legendary

Activity: 1946

Merit: 1019

To get 2/3 or 3/4 of the hashrate isn't THAT easy. At least i think so.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: conspirosphere.tk on March 24, 2017, 08:10:07 AM

Indeed. They're conspiring a 51% attack:

man, these guys are PR geniuses. way to go to to inspire confidence in the future of bitcoin. they're gonna get everyone's full support with this.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: elebit on March 24, 2017, 08:14:38 AM

Quote from: conspirosphere.tk on March 24, 2017, 08:10:07 AM

Indeed. They're conspiring a 51% attack:

Would anyone seriously preparing a 51% attack tell everyone about it beforehand? Or is this just scare tactics?

I think it's actually smart to do, from the perspective of the attacker. You're essentially saying: I'm doing this. You can get on board now, or suffer later. I.e. by trailing it, you actually help yourself by getting more miners on board in the early stages.

elebit

sr. member

Activity: 441

Merit: 250

Quote from: conspirosphere.tk on March 24, 2017, 08:10:07 AM

Indeed. They're conspiring a 51% attack:

Would anyone seriously preparing a 51% attack tell everyone about it beforehand? Or is this just scare tactics?

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote from: Miz4r on March 24, 2017, 07:41:15 AM

It's not the ETF, it's the civil war. Sad to say but BTC needs to sort it's shit out one way or another, or it's still looking a risky buy.

Indeed. They're conspiring a 51% attack:

https://medium.com/@peter_r/on-the-emerging-consensus-regarding-bitcoins-block-size-limit-insights-from-my-visit-with-2348878a16d8#.z04dwl4gv

No wonder that the market is spooked.

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Quote from: Torque on March 24, 2017, 07:56:43 AM

But.... this is exactly why no one buys at the bottom.

And then they look back and say, "Why wasn't I buying then?" or "I should have bought then." Grin

Exactly! And this is why people complaining that the miners are late don't seem to get a simple point: If the miners had been shipped 3 months earlier then the EXACT SAME THING would have happened to difficulty/profitability 3 months earlier.

What people are really saying is "I should have invested/gotten my miner early AND NO ONE ELSE GOT IN/ONE!". Which is a bit weird.

C

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: Spaceman_Spiff on March 24, 2017, 07:49:31 AM

Quote from: Miz4r on March 24, 2017, 07:41:15 AM

Quote from: kurious on March 24, 2017, 07:14:32 AM

In other news, Bitcoin share of Crypto market cap now 68%

It's not the ETF, it's the civil war. Sad to say but BTC needs to sort it's shit out one way or another, or it's still looking a risky buy.

Yeah investors clearly don't like this situation, especially with BU now calling to attack Bitcoin Core miners before a fork happens to force them to upgrade. Not going to work of course but this kind of hostile behavior is definitely making people flee to fiat or other alts now. I think we'll be seeing even lower prices until this has been resolved.

Imagine being new to bitcoin, wanting to figure out more about it to see if it is an interesting investment.
So you visit Reddit and you get : "Judas ... Attack... Malicious Miners... Censorship...paid shill... Tyrant...Pumper....Idiots...".
Yeah, I wouldn't touch that community with a barge pole...

But.... this is exactly why no one buys at the bottom.

And then they look back and say, "Why wasn't I buying then?" or "I should have bought then." Grin

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: rdnkjdi on March 24, 2017, 07:46:10 AM

Quote from: Miz4r on March 24, 2017, 07:41:15 AM

Quote from: kurious on March 24, 2017, 07:14:32 AM

In other news, Bitcoin share of Crypto market cap now 68%

It's not the ETF, it's the civil war. Sad to say but BTC needs to sort it's shit out one way or another, or it's still looking a risky buy.

Yeah investors clearly don't like this situation, especially with BU now calling to attack Bitcoin Core miners before a fork happens to force them to upgrade. Not going to work of course but this kind of hostile behavior is definitely making people flee to fiat or other alts now. I think we'll be seeing even lower prices until this has been resolved.

Source on the miners saying this? Did they mention what hash they wanted before they started?

Super curious about this situation. There's something that just isn't adding up ...

One of the BU devs, Peter R, wrote about this in his medium blog article today: https://www.reddit.com/r/Bitcoin/comments/6172s3/peter_rizun_tells_miners_to_force_a_hard_fork_by/?st=j0ns7eo9&sh=62821505

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17528. (Read 26713902 times)